Cornerstone Advisors Asset Management LLC Has $1.71 Million Stock Position in iShares Core High Dividend ETF $HDV

Cornerstone Advisors Asset Management LLC increased its stake in iShares Core High Dividend ETF (NYSEARCA:HDV) by 404.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,438 shares of the exchange traded fund’s stock after purchasing an additional 50,072 shares during the quarter. Cornerstone Advisors Asset Management LLC’s holdings in iShares Core High Dividend ETF were worth $1,711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of HDV. Rakuten Securities Inc. boosted its holdings in shares of iShares Core High Dividend ETF by 101.9% in the second quarter. Rakuten Securities Inc. now owns 216 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 109 shares during the period. Merkkuri Wealth Advisors LLC acquired a new stake in shares of iShares Core High Dividend ETF during the first quarter valued at approximately $26,000. Financial Management Professionals Inc. lifted its position in shares of iShares Core High Dividend ETF by 400.0% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,250 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 1,000 shares in the last quarter. Caitlin John LLC lifted its position in shares of iShares Core High Dividend ETF by 400.0% in the 2nd quarter. Caitlin John LLC now owns 1,725 shares of the exchange traded fund’s stock valued at $47,000 after acquiring an additional 1,380 shares in the last quarter. Finally, Roxbury Financial LLC boosted its stake in iShares Core High Dividend ETF by 402.0% in the 2nd quarter. Roxbury Financial LLC now owns 1,797 shares of the exchange traded fund’s stock worth $49,000 after purchasing an additional 1,439 shares during the period.

iShares Core High Dividend ETF Stock Down 1.0%

Shares of NYSEARCA:HDV opened at $29.40 on Friday. The company’s fifty day moving average is $28.75 and its two-hundred day moving average is $27.75. iShares Core High Dividend ETF has a 12-month low of $23.51 and a 12-month high of $30.13. The company has a market cap of $15.18 billion, a P/E ratio of 18.55 and a beta of 0.53.

iShares Core High Dividend ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 19th were given a dividend of $0.1046 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This is a positive change from iShares Core High Dividend ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a yield of 4.3%.

About iShares Core High Dividend ETF

The iShares Core High Dividend ETF (HDV) is an exchange-traded fund that is based on the Morningstar Dividend Yield Focus index. The fund tracks a dividend-weighted index of 75 high-yielding US equities, screened for high earnings potential and dividend sustainability. HDV was launched on Mar 29, 2011 and is managed by BlackRock.